Thank finance for sharp oil price decline

by Steve Austin, July 26, 2017 in Oil-Price.Net

US wins, Middle East loses

While US scores with increased rig count and production, the oil industry in the Middle-East is festering with under investment. Said to be in trillions, the lack of investment could boomerang as supply deficit within a decade. Let’s not forget that oil exploration is a long term development in which a decade is but short. Why are the investors moving away?

Sea Level Rise per Jevrejeva

by Paul Homewood, July 25, 2017

I’ve looked at UK sea level rise, but what about global?

As you can see, the rate of rise was very similar between roughly 1930 to 1960, as it has been since 1990. We see the same pattern at UK sites.

David’s graph mirrors that of the original paper. As with most sources of sea level data, the scale is set to make the rise appear to be astronomic.

Given that the IPCC is forecasting a rise of a meter and more by 2100, a more appropriate scale would look like this …

See also here

Would a supervolcano eruption wipe us out?

by David Cox, July 24, 2017 in BBC Future

In the Bay of Naples, Europe’s most notorious giant is showing signs of reawakening from its long slumber.

Campi Flegrei, a name that aptly translates as “burning fields”, is a supervolcano. It consists of a vast and complex network of underground chambers that formed hundreds of thousands of years ago, stretching from the outskirts of Naples to underneath the Mediterranean Sea. About half a million people live in Campi Flegrei’s seven-mile-long caldera, which was formed by vast eruptions 200,000, 39,000, 35,000 and 12,000 years ago.